TRY to LYD

TRY - Turkish Lira ()
LYD - Libyan Dinar (د.ل.‏)
1 TRY1 LYD

Currency conversion rates from TRY to LYD

TRYLYD
1 TRY1 LYD
5 TRY5 LYD
10 TRY10 LYD
20 TRY20 LYD
50 TRY50 LYD
100 TRY100 LYD
250 TRY250 LYD
500 TRY500 LYD
1000 TRY1000 LYD
2000 TRY2000 LYD
5000 TRY5000 LYD
10000 TRY10000 LYD
LYDTRY
1 LYD1 TRY
5 LYD5 TRY
10 LYD10 TRY
20 LYD20 TRY
50 LYD50 TRY
100 LYD100 TRY
250 LYD250 TRY
500 LYD500 TRY
1000 LYD1000 TRY
2000 LYD2000 TRY
5000 LYD5000 TRY
10000 LYD10000 TRY

LYD - Libyan Dinar (LYD)

Libyan Dinar

The Libyan Dinar is the official currency of Libya. The Libyan Dinar is subdivided into 1000 dirham. When Libya was still under the Ottoman Empire, the Ottoman Empire piastres were used. When Italy ruled Libya, the introduction of their Lira initiated a trend to use a variety of currencies from different countries.

The Libyan Dinar is the currency in Libya (Libyan Arab Jamahiriya, LY, LBY). The symbol for LYD can be written LD. The Libyan Dinar is divided into 1000 dirhams. The exchange rate for the Libyan Dinar was last updated on January 25, 2019 from The International Monetary Fund. The LYD conversion factor has 6 significant digits.

Economy

  • The Libyan economy is reliant on profits from the oil sector. These high profits, in combination with the small population, give Libya the highest GDP per capita in Africa.
  • Economic transformations to reintegrate the Libya into an international playing field have been initiated by UN and US sanctions.
  • Libya is still has a long way to go in transforming its socialist-oriented economy, planning for privatization, and minimizing grants.

History

  • In 1951, Libya became independent, and the Libyan Pound was introduced.
  • In 1971, the Central Bank of Libya launched the Libyan Dinar.
  • In 1972, the Libyan Arab Foreign Bank was established to increase overseas investments.
  • In 1975, coins in denominations of 1, 5, 10, 20, 50 and 100 dirham were introduced, which upset the Federation of Arab Republics.
  • In 1979, the second series of coins of the same denominations was launched.
  • In 2001 and 2004, denominations of ¼ and ½ dinar coins were issued.
  • In 2009, new 50 and 100 dirhams, as well as ¼ and ½ dinar coins, were issued.

More information about LYD - Libyan Dinar (LYD)


TRY - Turkish Lira (TL)

The Turkish lira, usually abbreviated as TL, is the official currency of Turkey and the Turkish Republic of Northern Cyprus. Its symbol is ₺ and its official currency code is TRY. The most popular lira exchange is with the euro. The lira has 6 significant currency conversion factor digits, and is considered fiat currency. It’s the 16th most traded currency in the world by value.

The Turkish Lira is the official currency of Turkey. It is subdivided into 100 kurus. All the notes and coins have portraits on the obverse side of Mustafa Kemal Atatürk at different points of his life since the 1930s. The Central Bank of Turkey is holding a contest to find a new currency sign.

The Turkish Lira is the currency in Turkey (TR, TUR), and Northern Cyprus. The Turkish Lira is also known as the Yeni Turk Lirasi. The symbol for TRY can be written YTL. The Turkish Lira is divided into 100 new kurus. The exchange rate for the Turkish Lira was last updated on May 24, 2019 from Yahoo Finance. The TRY conversion factor has 5 significant digits.

Economy

  • Turkey has a well-developed economy. It is among the world’s leading producers of agricultural products, textiles, motor vehicles, ships and other transportation equipment, construction materials, consumer electronics, and home appliances.
  • In recent years, Turkey’s private sector has been growing rapidly, but the state still plays a major role in industry, banking, communications, and transport.
  • Turkey has the world’s 15th largest GDP-PPP and the 17th largest nominal GDP. The country is a founding member of the OECD (1961) and is one of the G20 major economies (1999).
  • The World Bank classifies Turkey as an upper-middle income country in terms of its per capita GDP in the year 2007. According to a survey by Forbes magazine, Istanbul, Turkey’s financial capital, had a total of 28 billionaires as of March 2010 (down from 35 in 2008), which ranks it 4th in the world behind New York City (60 billionaires), Moscow (50 billionaires), and London (32 billionaires).
  • Turkey has had high inflation rates compared to other developed countries, but has never experienced hyperinflation.

History

  • Because of chronic inflation in Turkey from the 1970s to the 1990s, the Lira depreciated greatly in value.
  • In the last few years, the Turkish Lira has stabilized and even risen against the US Dollar and the Euro.
  • The Lira had slid in value to such an extent that, before the 2005 revaluation, one original gold Lira coin was worth approximately 120,000,000 Lira.

More information about TRY - Turkish Lira (TL)